Exxon Mobil Corp (XOM)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	36,010,000	41,130,000	51,720,000	61,690,000	55,740,000	51,860,000	38,950,000	25,790,000	23,040,000	-5,900,000	-13,330,000	-19,100,000	-22,440,000	3,320,000	7,170,000	11,380,000	14,340,000	14,650,000	17,720,000	18,540,000
Total assets	US$ in thousands	376,317,000	372,259,000	363,248,000	369,371,000	369,067,000	370,152,000	367,774,000	354,771,000	338,923,000	336,688,000	337,289,000	333,770,000	332,750,000	358,043,000	361,495,000	355,804,000	362,597,000	359,361,000	360,729,000	356,189,000
ROA		9.57%	11.05%	14.24%	16.70%	15.10%	14.01%	10.59%	7.27%	6.80%	-1.75%	-3.95%	-5.72%	-6.74%	0.93%	1.98%	3.20%	3.95%	4.08%	4.91%	5.21%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $36,010,000K ÷ $376,317,000K
= 9.57%

Exxon Mobil Corp.'s return on assets (ROA) has shown variability over the past eight quarters. The company's ROA ranged from 7.27% in Q1 2022 to 16.70% in Q1 2023. There was a general upward trend from Q1 2022 to Q1 2023, indicating improved efficiency in utilizing its assets to generate profits. However, in Q2 and Q3 2023, there was a slight decrease in ROA compared to the peak in Q1 2023, suggesting a potential impact on profitability.

Overall, Exxon Mobil's ROA performance demonstrates the company's ability to generate earnings relative to its total assets. Further analysis and comparison with industry benchmarks may provide additional insight into the company's operational efficiency and profitability levels.